72,042 Shares in Zscaler, Inc. $ZS Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,042 shares of the company’s stock, valued at approximately $14,367,000.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Zscaler in the 2nd quarter valued at $1,396,028,000. First Trust Advisors LP raised its holdings in Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after buying an additional 935,781 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Zscaler during the second quarter valued at $102,271,000. Legal & General Group Plc acquired a new position in Zscaler during the 2nd quarter worth about $89,740,000. Finally, International Assets Investment Management LLC boosted its holdings in Zscaler by 23,646.1% in the third quarter. International Assets Investment Management LLC now owns 606,000 shares of the company’s stock valued at $120,849,000 after acquiring an additional 603,448 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ZS. Cantor Fitzgerald increased their price target on Zscaler from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Robert W. Baird upped their target price on shares of Zscaler from $230.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Stifel Nicolaus lifted their price objective on shares of Zscaler from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Mizuho set a $235.00 price target on Zscaler in a report on Wednesday, October 7th. Finally, Truist Financial reissued a “buy” rating and set a $250.00 target price (up from $200.00) on shares of Zscaler in a research report on Wednesday, October 7th. Thirty-six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.65.

Insider Buying and Selling at Zscaler

In other news, insider Robert Schlossman sold 5,394 shares of Zscaler stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the transaction, the insider owned 61,525 shares in the company, valued at approximately $12,305,000. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 23,958 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $225.43, for a total value of $5,400,851.94. Following the completion of the sale, the insider directly owned 38,308 shares of the company’s stock, valued at approximately $8,635,772.44. This trade represents a 38.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 55,105 shares of company stock worth $11,563,836 in the last 90 days. 17.20% of the stock is owned by company insiders.

Zscaler Stock Up 0.6%

Shares of ZS opened at $225.09 on Wednesday. The firm has a market cap of $36.70 billion, a P/E ratio of -577.15, a P/E/G ratio of 21.28 and a beta of 0.82. The stock has a 50 day simple moving average of $206.02 and a two-hundred day simple moving average of $167.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $335.70.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million for the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, analysts forecast that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.